Unsecured/Personal Loan
Unsecured and Personal Loan
Looking for a reliable licensed moneylender in Singapore for your personal loan needs? Since 2009, i-Credit has been providing trusted unsecured personal loans with competitive interest rates and flexible terms to help Singaporeans manage their financial needs.
What is an Unsecured Personal Loan?
An unsecured personal loan is a flexible financing option that doesn’t require any collateral, making it an accessible choice for Singaporeans needing quick funds. Unlike secured loans that require assets like property or vehicles as security, unsecured personal loans from licensed moneylenders like i-Credit are approved based on your income and credit standing.
What are the key differences between secured and unsecured loans?
Feature | Secured Loans | Unsecured Loans |
Collateral Required | Yes (property/vehicle) | No collateral needed |
Approval Speed | Longer processing time | Same-day possible |
Risk to Borrower | Risk of asset loss | No asset risk |
Documentation | Extensive paperwork | Minimal documentation |
Loan Amount | Usually larger | Based on income |
What Can i-Credit's Unsecured Personal Loans Be Used For?
Understanding how an unsecured personal loan can help you is important for making informed financial decisions. At i-Credit, we provide flexible financing solutions for various life situations and needs.
Emergency Expenses
Life’s unexpected challenges shouldn’t leave you financially stressed. Our unsecured personal loans can help you manage:
Medical Emergencies
Unexpected hospital admissions and treatments
Urgent dental procedures and surgeries
Specialist consultation fees
Medical equipment purchases
Medication costs not covered by insurance
Emergency ambulance services
Post-surgery recovery care
Family Emergencies
Urgent travel expenses for family matters
Bereavement expenses and funeral costs
Emergency childcare arrangements
Elderly parent care needs
Family crisis management
Temporary accommodation needs
Emergency pet medical care
Home-Related Expenses
Your home is your sanctuary, and unexpected repairs shouldn’t wait. Our loans cover:
Essential Home Repairs
Water heater replacements
Air conditioning system repairs
Electrical wiring issues
Plumbing emergencies and pipe leaks
Roof repairs and maintenance
Door and window replacements
Pest control emergencies
Home Maintenance
Essential appliance replacements
Kitchen equipment repairs
Bathroom fixture updates
Safety feature installations
Security system upgrades
Weather damage repairs
Flooring repairs
Financial Management
Stay on top of your finances with our loan solutions for:
Bill Consolidation
Utility bill payments
Property tax payments
Insurance premium coverage
Service charge settlements
Maintenance fee payments
Phone and internet bills
Cable TV and subscription services
Short-Term Cash Flow Solutions
Bridge income gaps between jobs
Manage seasonal business fluctuations
Cover temporary salary delays
Handle unexpected tax obligations
Manage rental deposits
Cover education fee deadlines
Handle temporary business expenses
Family Needs and Events
Support your family’s important moments with financial backing for:
Education Expenses
School fee payments
Textbook and supply purchases
Enrichment program fees
Exam preparation courses
School activity payments
Educational device purchases
Transportation arrangements
Special Occasions
Wedding ceremony expenses
Anniversary celebrations
Birthday party arrangements
Family reunion events
Religious ceremony costs
Cultural celebration expenses
Graduation ceremonies
Vehicle-Related Expenses
Keep your transportation reliable with coverage for:
Vehicle Repairs
Engine repair costs
Transmission problems
Brake system maintenance
Tire replacements
Battery replacements
Air conditioning repairs
Regular servicing costs
Vehicle-Related Payments
Road tax renewal
Insurance premium payments
COE-related expenses
Parking fee settlements
Vehicle inspection costs
Accessory installations
Registration fee payments
What are the Benefits of unsecured loans with i-Credit legal licensed moneylender in Singapore?
Quick Access to Funds
- Same-day approval possible: Get your loan approved within hours of application submission, allowing you to address urgent financial needs immediately
- Fast disbursement process: Once approved, receive your funds through direct bank transfer or cash collection at our office on the same business day
- Minimal waiting time: Skip the long processing times of traditional banks with our streamlined verification system that typically takes 1-2 hours for initial assessment
Flexible Repayment Options
- Manageable loan tenures: Choose from flexible repayment periods ranging from 1 month up to 12 months, allowing you to select a timeline that matches your financial planning
- Clear repayment schedule: Receive a detailed payment calendar showing exact payment dates and amounts, helping you budget effectively
- Early repayment benefits: Save on interest charges by making early repayments without any additional penalties or hidden fees
- Payment date alignment: Align your repayment dates with your salary credit dates for better cash flow management
- Customizable installment amounts: Work with our loan officers to structure repayment amounts that fit your monthly budget
Transparent Fee Structure
We believe in complete transparency when it comes to loan costs. Our interest rate is fixed at 4% monthly, making it easy for you to calculate your repayment amounts. Before signing any loan agreement, you’ll receive a detailed breakdown of:
- The total loan amount
- Monthly repayment calculations
- The one-time administrative fee structure
- Any applicable processing charges
There are no hidden fees or surprise costs – what you see in your loan agreement is exactly what you’ll pay.
What is the application and approval process for i-Credit legal moneylender’s unsecured loans?
Getting the financial support you need is quick and convenient with i-Credit’s streamlined application process:
Step 1: Online Pre-Application
Start your loan application journey from the comfort of your home:
- Fill out our secure online application form on the i-Credit website
- Provide basic information including:
- Personal details
- Employment information
- Desired loan amount
- Preferred loan tenure
- Receive an automatic confirmation of your submission
- Get a reference number for easy tracking
Step 2: Initial Contact
Our professional loan officers will reach out to you promptly:
- Receive a call within 1 hour during business hours
- Schedule a convenient consultation time
- Get preliminary information about required documents
- Have your initial questions answered
- Receive guidance on next steps
Step 3: Professional Consultation
Meet with our experienced loan officers to:
- Discuss your specific financial needs in detail
- Review various loan options available to you
- Understand interest rates and repayment terms
- Get expert advice on the most suitable loan package
- Have all your questions answered professionally
- Receive a detailed breakdown of costs and fees
Step 4: Application Processing
Complete your formal application with ease:
- Submit required documentation:
- NRIC or valid employment pass
- Latest 3 months’ payslips
- Recent bank statements
- Proof of residence
- Undergo quick assessment of your application
- Receive same-day approval decision
- Review and sign loan agreement
Step 5: Loan Disbursement
Access your funds quickly and conveniently:
- Choose your preferred disbursement method:
- Direct bank transfer
- Cash collection at our office
- Other available transfer options
- Receive funds as quickly as the same day
- Get complete documentation of your loan
- Review your repayment schedule
Start your online application below.
